B. Riley Estimates Bitcoin Depot's Q3 Earnings (NASDAQ:BTM)

Key Points

• B. Riley has lowered its Q3 2025 earnings per share estimate for Bitcoin Depot to $0.10, down from $0.11, while maintaining a "Buy" rating and a price target of $5.50.
• The stock recently missed a consensus EPS estimate of $0.17 for the last quarter, reporting only $0.16 instead, despite achieving a revenue of $172.11 million.
• Bitcoin Depot has garnered recent upgrades, with Northland Securities raising its rating to "outperform" and setting a price objective of $5.00, contributing to its consensus rating of "Buy" among analysts.

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities research analysts at B. Riley dropped their Q3 2025 earnings per share (EPS) estimates for shares of Bitcoin Depot in a research report issued on Tuesday, August 12th. B. Riley analyst H. Goetsch now expects that the company will earn $0.10 per share for the quarter, down from their prior estimate of $0.11. B. Riley currently has a "Buy" rating and a $5.50 target price on the stock.

BTM has been the subject of several other reports. Northland Securities upgraded Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a research report on Friday, May 16th. Noble Financial reaffirmed an "outperform" rating on shares of Bitcoin Depot in a research note on Friday, June 13th. Northland Capmk raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, HC Wainwright upped their price target on Bitcoin Depot from $5.00 to $6.50 and gave the company a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Bitcoin Depot currently has a consensus rating of "Buy" and a consensus target price of $5.67.

Bitcoin Depot Stock Performance

Shares of NASDAQ:BTM traded down $0.04 during trading on Thursday, hitting $4.07. The stock had a trading volume of 839,457 shares, compared to its average volume of 1,147,767. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $6.88. The stock has a market capitalization of $261.74 million, a price-to-earnings ratio of 40.70 and a beta of 0.86. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 12.34. The stock has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $3.03.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%. The business had revenue of $172.11 million during the quarter, compared to analysts' expectations of $168.00 million.

Hedge Funds Weigh In On Bitcoin Depot

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Bitcoin Depot by 11,320.0% in the second quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock valued at $49,000 after purchasing an additional 9,622 shares during the period. Cetera Investment Advisers acquired a new position in shares of Bitcoin Depot during the second quarter worth about $51,000. Qube Research & Technologies Ltd acquired a new position in shares of Bitcoin Depot in the second quarter worth about $74,000. Truist Financial Corp acquired a new position in shares of Bitcoin Depot in the second quarter worth about $71,000. Finally, Blue Owl Capital Holdings LP increased its holdings in Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after buying an additional 15,000 shares during the last quarter. 9.18% of the stock is owned by hedge funds and other institutional investors.

Bitcoin Depot Company Profile

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.